{"id":664578,"date":"2026-05-12T14:22:09","date_gmt":"2026-05-12T14:22:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/664578\/"},"modified":"2026-05-12T14:22:09","modified_gmt":"2026-05-12T14:22:09","slug":"ai-will-drive-nvidia-higher-by-more-than-40-from-here-says-wells-fargo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/664578\/","title":{"rendered":"AI will drive Nvidia higher by more than 40% from here, says Wells Fargo"},"content":{"rendered":"<p>Nvidia&#8217;s rally will not run out of steam anytime soon, according to Wells Fargo. The bank, which has an overweight rating on the chipmaker, raised its price target to $315 from $265. The new forecast calls for 44% upside from Monday&#8217;s close. &#8220;With continued indications \/ commentary pointing to a compute demand &gt; supply backdrop, we think a key factor driving NVDA&#8217;s Data Center rev is the company&#8217;s ability to scale [gigawatts] of AI infra deployed,&#8221; analyst Aaron Rakers said Tuesday in a note to clients. Rakers highlighted Nvidia&#8217;s Blackwell platform for AI as major drivers of its data center revenue. That artificial intelligence pipeline is projected to reach more than $1 trillion by 2027, per Wells Fargo. The company also stands to see more upside from its other offerings, including Groq 3 LPX, a rack-scale AI inference accelerator designed for Nvidia&#8217;s Vera Rubin supercomputing architecture, according to the analyst. Rakers also said Nvidia remains attractively valued despite being up 18% year to date. Despite the peak share \/ margin concerns, we continue to argue that NVIDIA trading at &lt; 20x P\/E on what we view as durable 2027 consensus estimates and favorable growth outlook should be bought,&#8221; Rakers wrote. &#8220;We see NVIDIA as one of the most attractive secular growth stories in large-cap semis.&#8221; Of the 61 analysts covering Nvidia, 57 have a buy or strong buy rating on shares, LSEG data shows.<\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia&#8217;s rally will not run out of steam anytime soon, according to Wells Fargo. The bank, which has&hellip;\n","protected":false},"author":2,"featured_media":664579,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,161,49,48,1385,189646,1369,195737,3097,61,4494],"class_list":["post-664578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-business-news","tag-ca","tag-canada","tag-investment-strategy","tag-ishares-semiconductor-etf","tag-nvidia-corp","tag-spdr-sp-semiconductors","tag-stock-markets","tag-technology","tag-wells-fargo-co"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/664578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=664578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/664578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/664579"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=664578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=664578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=664578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}